Bay Harbor Wealth Management LLC Buys 975 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Bay Harbor Wealth Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,228 shares of the company’s stock after purchasing an additional 975 shares during the period. iShares MSCI USA Quality Factor ETF makes up 3.2% of Bay Harbor Wealth Management LLC’s portfolio, making the stock its 11th largest position. Bay Harbor Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 3.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock worth $299,000 after acquiring an additional 58 shares during the period. Carnegie Investment Counsel increased its stake in shares of iShares MSCI USA Quality Factor ETF by 0.5% in the second quarter. Carnegie Investment Counsel now owns 11,675 shares of the company’s stock worth $1,994,000 after purchasing an additional 61 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 4.7% during the 3rd quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock valued at $243,000 after buying an additional 61 shares in the last quarter. Bristlecone Advisors LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 0.4% in the 2nd quarter. Bristlecone Advisors LLC now owns 17,056 shares of the company’s stock worth $2,912,000 after buying an additional 63 shares during the period. Finally, Columbus Macro LLC grew its stake in iShares MSCI USA Quality Factor ETF by 1.3% in the 3rd quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock valued at $926,000 after buying an additional 66 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $179.76 on Friday. The stock has a market capitalization of $47.44 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The company’s fifty day simple moving average is $177.94 and its two-hundred day simple moving average is $170.79. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63.

About iShares MSCI USA Quality Factor ETF

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector.